On June 8, Guofu Quantum fell 11.81% in regular trading, hitting 3.47 HKD/share with trading volume of approximately 22.09 million HKD, marking a fresh low in the current correction cycle.
On the news front, the company announced on May 25 plans to acquire and subscribe for a combined 19.9% stake in Luffa AI Limited for approximately USD 39.8 million, implying a post-investment valuation of USD 220 million. Luffa AI develops decentralized social communication products based on artificial intelligence and Web3 technology, with daily active users of only around 150,000, still at an early stage of development. The market has expressed significant skepticism regarding the valuation reasonableness and potential synergy with the company's core securities brokerage and margin financing businesses.
Since the announcement, the stock has experienced sustained selling pressure, with shares declining over 14% initially from May 26. After a brief technical rebound, selling has resumed and accelerated, indicating that investor concerns over the large capital commitment to an early-stage Web3 project remain unresolved.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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